Compare the economies of the countries

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Economy power of South Korea & Norway

South Korea Flag svg Norway Flag svg

South Korea vs Norway

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South Korea Norway
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South Korea is officially recognized as the Republic of Korea (ROK). It is a highly developed country located in East Asia, in the Korean Peninsula. As we can guess, it takes the southern part of the region and shares a border with only one nation, namely North Korea. The capital city of Seoul is the largest city in the country and the fifth-largest metropolitan area in the entire world. It is important to notice that the land area of South Korea is very limited and because of its large population, they are one of the most densely populated nations in the world. More about South Korea The Kingdom of Norway is a nation located in Northern Europe and it is one of the Nordic countries. Most of its territory is located on the western and northernmost portion of the Scandinavian Peninsula. However, they also own the archipelago of Svalbard and the Arctic island of Jan Mayen as well as several other minor isles. There are four different bordering nations, namely Sweden, Denmark, Finland and Russia. The Norwegian land covers approximately 385,000 square kilometers  More about Norway

Gross domestic product (GDP, GDP PPP)

Gross domestic product (GDP)

South Korea Norway
Position in the ranking of countries 14 (2023) 31 (2023)
GDP [US$] 1,712,792,854,202 485,310,823,603
Percentage of the other 352.9 % 28.3 %

Gross domestic product growth rate

Gross domestic product per capita

Gross domestic product (PPP)

Gross domestic product (PPP) per capita

Gross national income (GNI, Inflation)

Gross national income

South Korea Norway
Position in the ranking of countries 12 (2023) 27 (2023)
GNI [US$] 1,744,702,631,805 507,846,254,957
Percentage of the other 343.5 % 29.1 %

Gross national income per capita

Inflation consumer prices (annual %)

International trade (Export, Import)

External balance on goods and services

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(China)

South Korea Norway
Position in the ranking of countries 53 (2023) 11 (2023)
External balance [US$] 884,838,156 71,491,259,072
Percentage of the other 1.2 % 8079.6 %

External balance on goods and services (% of GDP)

Exports of goods and services (current US$)

Exports of goods and services (% of GDP)

Imports of goods and services (current US$)

Imports of goods and services (% of GDP)

Employment by sector, Unemployment

Unemployment (% of total labor force)

South Korea Norway
Position in the ranking of countries 53 (2023) 11 (2023)
Unemployment [%] 2.60 3.97
Percentage of the other 65.5 % 152.7 %

Employment in agriculture (% of total employment)

Employment in industry (% of total employment)

Employment in services (% of total employment)

Vulnerable employment (% of total employment)

Population (total, growth, density, demgraphy)

Total population

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(India)

South Korea Norway
Position in the ranking of countries 28 (2023) 114 (2023)
Population 51,712,619 5,519,594
Percentage of the other 936.9 % 10.7 %

Population growth (annual %)

Density

Gender

Demography